DeathCross
13,270 рет көрілді
4 адам талқылап жатыр
Қызу саудада
Ең соңғы
Dogwifhat’s “Death Cross”: How Much Further Will WIF Fall?
A Former Memecoin Leader Losing Momentum
In 2024, dogwifhat [WIF] stood out as one of the top-performing cryptocurrencies, with a price increase of over 1,000%. This memecoin dominated the market, but its impressive growth began to wane in December, with its value dropping by 42%.
As of January 1, 2025, WIF was trading at $1.77, having seen an additional 4% drop in the past 24 hours. This continued decline resulted in the formation of a “death cross” on the daily chart.
What Does the “Death Cross” Mean for WIF?
The “death cross” occurred when the 50-day exponential moving average (EMA) fell below the 200-day EMA—specifically at $2.50 and $2.55, respectively. This technical indicator often signals the start of a long-term bearish trend.
The WIF death cross appeared above the current price level, suggesting that traders might have already priced in the bearish momentum. However, if WIF fails to hold support at $1.72, the price could drop to the Fibonacci 1.618 level, approximately $0.31.
The Relative Strength Index (RSI) also indicates increased selling pressure, with its value dropping to 32, nearing oversold territory. This suggests weak buying interest, unable to counterbalance the selling pressure.
Oversold RSI: A Potential for a Rebound?
Typically, an oversold RSI precedes a short-term price correction upward. However, if buyers remain hesitant, WIF could consolidate within its current range without significant upward movement.
Optimism Among Long Traders
Data from Coinglass reveals a strong majority of long traders on Binance, with 83% holding long positions on WIF—the highest percentage in nearly a month. Positive funding rates further confirm traders’ willingness to pay fees to maintain their positions.
However, this dominance of long positions could backfire. A sudden price drop could trigger massive liquidations, further pushing WIF’s price downward.
Can WIF Reclaim Its Spot as Solana’s Top Memecoin?
WIF’s price drop has reduced its market capitalization to $1.8 billion, making it the fourth-largest memecoin on the Solana blockchain. It has been overtaken by BONK [BONK], ai16z [AI16Z], and Pudgy Penguins [PENGU].
To regain its top spot, WIF would need a strong rally to outperform its competitors. This rally will depend on improved market sentiment and renewed confidence among traders.
Conclusion
Dogwifhat is facing challenging times as technical indicators point to a continued bearish trend. The future of WIF hinges on its ability to maintain key support levels and attract new investors. Whether WIF can rise again to reclaim its position as a leading memecoin remains uncertain, and only time will tell.
#dogwifhat , #Memecoins🤑🤑 , #MemeCommunity , #Solana_Blockchain , #DeathCross
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
In 2024, dogwifhat [WIF] stood out as one of the top-performing cryptocurrencies, with a price increase of over 1,000%. This memecoin dominated the market, but its impressive growth began to wane in December, with its value dropping by 42%.
As of January 1, 2025, WIF was trading at $1.77, having seen an additional 4% drop in the past 24 hours. This continued decline resulted in the formation of a “death cross” on the daily chart.
What Does the “Death Cross” Mean for WIF?
The “death cross” occurred when the 50-day exponential moving average (EMA) fell below the 200-day EMA—specifically at $2.50 and $2.55, respectively. This technical indicator often signals the start of a long-term bearish trend.
The WIF death cross appeared above the current price level, suggesting that traders might have already priced in the bearish momentum. However, if WIF fails to hold support at $1.72, the price could drop to the Fibonacci 1.618 level, approximately $0.31.
The Relative Strength Index (RSI) also indicates increased selling pressure, with its value dropping to 32, nearing oversold territory. This suggests weak buying interest, unable to counterbalance the selling pressure.
Oversold RSI: A Potential for a Rebound?
Typically, an oversold RSI precedes a short-term price correction upward. However, if buyers remain hesitant, WIF could consolidate within its current range without significant upward movement.
Optimism Among Long Traders
Data from Coinglass reveals a strong majority of long traders on Binance, with 83% holding long positions on WIF—the highest percentage in nearly a month. Positive funding rates further confirm traders’ willingness to pay fees to maintain their positions.
However, this dominance of long positions could backfire. A sudden price drop could trigger massive liquidations, further pushing WIF’s price downward.
Can WIF Reclaim Its Spot as Solana’s Top Memecoin?
WIF’s price drop has reduced its market capitalization to $1.8 billion, making it the fourth-largest memecoin on the Solana blockchain. It has been overtaken by BONK [BONK], ai16z [AI16Z], and Pudgy Penguins [PENGU].
To regain its top spot, WIF would need a strong rally to outperform its competitors. This rally will depend on improved market sentiment and renewed confidence among traders.
Conclusion
Dogwifhat is facing challenging times as technical indicators point to a continued bearish trend. The future of WIF hinges on its ability to maintain key support levels and attract new investors. Whether WIF can rise again to reclaim its position as a leading memecoin remains uncertain, and only time will tell.
#dogwifhat , #Memecoins🤑🤑 , #MemeCommunity , #Solana_Blockchain , #DeathCross
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
⭐️ Chainlink Price Rare Pattern Points To A 35% Crash
Explore why the Chainlink price could experience a significant 35% drop, triggered by technical patterns such as the Death Cross and Head and Shoulders (H&S) formation on the 4H chart.
🔸 Chainlink Price Analysis: H&S Suggests Bearish Continuation
Current Setup: $LINK price peaked at $31 in December but has since fallen by 35%, influenced by broader market trends.
Key Pattern: The H&S chart pattern identifies a bearish reversal.
Head: $31 (December peak)
Shoulders: $26.10 (23.6% Fibonacci Retracement)
Neckline: $22.00 (50% Retracement and Murrey Math Lines)
Indicators:
Death Cross: Formed on December 22 as the 50-WMA crossed below the 200-WMA.
PPO Indicator: Falling below zero indicates declining momentum.
🔻 Price Target:
The distance between the head and the neckline points to a potential $LINK crash to $13.25, representing a 35% drop.
🔹 Bullish Case (Invalidation):
A breakout above the $25 resistance near the right shoulder could signal a reversal, forming a falling wedge pattern, a bullish setup.
💡 Market Context:
The $LINK retreat mirrors declines in other DeFi tokens like AAVE, UNI, and COMP, suggesting broader sector weakness.
Disclaimer: This analysis includes third-party opinions and is not financial advice. Always DYOR.
#LINK #CryptoAnalysis #HeadAndShoulders #DeathCross #CryptoTrading
🔸 Chainlink Price Analysis: H&S Suggests Bearish Continuation
Current Setup: $LINK price peaked at $31 in December but has since fallen by 35%, influenced by broader market trends.
Key Pattern: The H&S chart pattern identifies a bearish reversal.
Head: $31 (December peak)
Shoulders: $26.10 (23.6% Fibonacci Retracement)
Neckline: $22.00 (50% Retracement and Murrey Math Lines)
Indicators:
Death Cross: Formed on December 22 as the 50-WMA crossed below the 200-WMA.
PPO Indicator: Falling below zero indicates declining momentum.
🔻 Price Target:
The distance between the head and the neckline points to a potential $LINK crash to $13.25, representing a 35% drop.
🔹 Bullish Case (Invalidation):
A breakout above the $25 resistance near the right shoulder could signal a reversal, forming a falling wedge pattern, a bullish setup.
💡 Market Context:
The $LINK retreat mirrors declines in other DeFi tokens like AAVE, UNI, and COMP, suggesting broader sector weakness.
Disclaimer: This analysis includes third-party opinions and is not financial advice. Always DYOR.
#LINK #CryptoAnalysis #HeadAndShoulders #DeathCross #CryptoTrading
Margo Terzo RGSW:
as pirâmides estão em baixa , ops quer dizer ativos financeiros haha
Top High-Accuracy Crypto Selling Signals You Shouldn't Ignore 📉💡
Catching the right moment to sell is just as important as finding the right time to buy.
Here are some of the most reliable and high-accuracy selling signals in crypto trading:
Death Cross 💀
Opposite to the Golden Cross, a Death Cross occurs when the 50-day moving average crosses below the 200-day moving average.
This is a classic bearish signal that indicates a potential long-term downtrend, suggesting it's time to sell or avoid new long positions.
Bearish Divergence (RSI) 🐻
A bearish divergence happens when the price makes a higher high, but the RSI makes a lower high.
This indicates weakening buying pressure and the likelihood of a price drop, signaling a potential selling opportunity.
Especially when RSI is above 70 (overbought), it can suggest that the market is ready for a pullback.
Shooting Star Candlestick 🌠
A Shooting Star forms at the top of an uptrend, with a small body and long upper wick, signaling that sellers are taking control.
It indicates potential reversal after a bullish rally and is often a strong selling signal.
MACD Bearish Crossover ❌
When the MACD line crosses below the Signal line, it indicates bearish momentum.
This is often used as a sell signal, especially when confirmed by a downtrend or volume increase.
Resistance Rejection 🔄
When the price gets rejected at a strong resistance level, it often signals that the upward momentum is losing strength.
If price fails to break through resistance after multiple attempts, it might be time to sell, as the market may start heading downward.
Bonus Tip:
Always look for confirmation of these signals with volume or other trend indicators to strengthen the accuracy of your trades.
#SellSignals #DeathCross #BearishDivergence #CryptoTips #CryptoAlerts
$SOL $ETH
Catching the right moment to sell is just as important as finding the right time to buy.
Here are some of the most reliable and high-accuracy selling signals in crypto trading:
Death Cross 💀
Opposite to the Golden Cross, a Death Cross occurs when the 50-day moving average crosses below the 200-day moving average.
This is a classic bearish signal that indicates a potential long-term downtrend, suggesting it's time to sell or avoid new long positions.
Bearish Divergence (RSI) 🐻
A bearish divergence happens when the price makes a higher high, but the RSI makes a lower high.
This indicates weakening buying pressure and the likelihood of a price drop, signaling a potential selling opportunity.
Especially when RSI is above 70 (overbought), it can suggest that the market is ready for a pullback.
Shooting Star Candlestick 🌠
A Shooting Star forms at the top of an uptrend, with a small body and long upper wick, signaling that sellers are taking control.
It indicates potential reversal after a bullish rally and is often a strong selling signal.
MACD Bearish Crossover ❌
When the MACD line crosses below the Signal line, it indicates bearish momentum.
This is often used as a sell signal, especially when confirmed by a downtrend or volume increase.
Resistance Rejection 🔄
When the price gets rejected at a strong resistance level, it often signals that the upward momentum is losing strength.
If price fails to break through resistance after multiple attempts, it might be time to sell, as the market may start heading downward.
Bonus Tip:
Always look for confirmation of these signals with volume or other trend indicators to strengthen the accuracy of your trades.
#SellSignals #DeathCross #BearishDivergence #CryptoTips #CryptoAlerts
$SOL $ETH